Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "In Federal Bank it is a good idea to book partially and think of looking at Karnataka Bank or I would even say a DCB Bank at this level. But even if one want to stay put with his/her current investment, that is fine."
At 14:54 hrs Federal Bank was quoting at Rs 114.65, up Rs 1.80, or 1.60 percent.
The share touched its 52-week high Rs 122.40 and 52-week low Rs 61.85 on 16 June, 2017 and 26 December, 2016, respectively.
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